Buyers Stepping In - U.S. Bancorp | Tech-Corner

GOOG
0.00

889.42
0.00%

Buyers Stepping In - U.S. Bancorp

Published on Friday, 29 June 2012 11:38 Written by TradersHuddle Wire

usb New York, June 29th (TradersHuddle.com) - Unusual high volume detected on shares of U.S. Bancorp (NYSE:USB) early in the trading session. The pace in volume of U.S. Bancorp points to a break above average, with buyers stepping in, as the stock is 0.03% higher.

U.S. Bancorp (NYSE:USB) is a diversified financial services company that provides lending and depository services, and cash management. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.

U.S. Bancorp has already traded 0.909 times its 3-month average volume and has calculated support and resistance at $28.58 and $31.94 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading higher by 1.92% from its previous trading close, which means that U.S. Bancorp stock is underperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

U.S. Bancorp Stock Buy Recommendation Reiterated (USB) - TheStreet.com
U.S. Bancorp (USB): Today's Featured Banking Winner - TheStreet.com
U.S. Bank Healthcare Closes $931 Million in Credit Facilities for Trinity Health System - Benzinga
U.S. Bancorp Stock Buy Recommendation Reiterated (USB) - TheStreet.com
U.S. Bancorp (USB): Today's Featured Financial Winner - TheStreet.com
The Fiscal Cliff - The Good, Bad And Ugly (USB, UNP, TXN) - Investopedia
U.S. Bancorp Stock Buy Recommendation Reiterated (USB) - TheStreet.com
U.S. Bancorp (USB): Today's Featured Banking Laggard - TheStreet.com
Where Can U.S. Bancorp Go From Here? (USB, WFC, C, PNC) - Investopedia
U.S. Bancorp Stock Buy Recommendation Reiterated (USB) - TheStreet.com

Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!